ETHUSDT hits 4h support. Bounce likely least to 1660-1670 level.

5 февр. 2023 г.

The price has hit 4h support region. There is likely a bounce here to the 4h resistance region 1660-1670 marked in the chart.

5 февр. 2023 г.

Сделка закрыта вручную

The price bounced as mentioned and reached almost close to the 4h resistance level (fell short of 2 dollar to touch the resistance zone). Currently it seems price has pierced through the 4h support area. The candle still has a couple of hours to close. Lets watch this candle close. However, from the momentum it seems its heading for weekly support zone. But more on this in the next post. For now closing this idea as the purpose of this post has been achieved.